FBC Blog
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FBC was founded on the belief that Canadians should receive every benefit of filing their taxes. Three generations later, our family-owned business still helps farmers and other small businesses minimize their taxes and maximize their savings. For more than 65 years, Canadian small business owners, farmers, truckers, and trades have trusted us with their accounting so they can focus on success.
FBC Blog
1w ago
Federal Budget 2024 Highlights On April 16, 2024, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the federal government’s budget titled “Fairness for Every Generation.” The Budget is anticipated to result in a deficit of $39.8 billion 2024 – 2025 budget year, and $38.9 billion for 2025 – 2026. Here we ..read more
FBC Blog
1w ago
As we wind down another challenging year of dealing with historic inflation, the last thing you want to think about is taxes. However, with profit margins tighter than ever, this is exactly the right time to take steps to minimize your tax burden. For incorporated businesses, this starts with understanding your ..read more
FBC Blog
2w ago
Ontario Budget 2024 Highlights On March 26, 2024, the Ontario Provincial Budget was released by Finance Minister Peter Behlenfalvy. The Budget is anticipated to result in deficit of $3 billion for 2023 – 2024, $9.8 billion for the 2024-2025 budget year, and $4.6 billion for the 2025-2026 year. No corporate or ..read more
FBC Blog
1M ago
Saskatchewan Budget 2024 Highlights The 2024 Saskatchewan Budget was delivered by Finance Minister Donna Harpauer, on March 20, 2024. The Budget is anticipated to result in a deficit of $273.2 million for the 2024 – 2025 fiscal year. Here we’ll provide a summary of key highlights of Saskatchewan’s 2024 Provincial Budget ..read more
FBC Blog
1M ago
British Columbia Budget 2024 Highlights The 2024 British Columbia Budget was released by Finance Minister Katrine Conroy, on February 22, 2024. The Budget is anticipated to result in a deficit of $5.9 billion for 2023 – 2024, and a deficit of $7.9 billion for the 2024-2025 budget year. No corporate or ..read more
FBC Blog
1M ago
Alberta Budget 2024 Highlights The 2024 Alberta Budget was delivered by Finance Minister Nate Horner, on February 29, 2024. The Budget is anticipated to result in surpluses of $5.2 billion for 2023 – 2024, then $367 million in the 2024 – 2025 fiscal year, and $1.4 billion in the following year ..read more
FBC Blog
2M ago
When the time comes to sell the family farm, understanding capital gains taxes—and capital gains exemptions—can help ensure you keep all of the profits from the sale that you are entitled to. If you sell your farm for more than you paid for it originally (minus the expenses incurred to sell ..read more
FBC Blog
2M ago
Whether you want to establish an emergency fund, set aside money for retirement, or compile cash for a down payment on a house, you might think your only option is to open a savings account at your local bank. Although a savings account is a fantastic way to save money, there ..read more
FBC Blog
2M ago
As an independent contractor, you’re in control of when you work, who you work for, and how much you charge for your goods or services. But, when you’re your own boss, you’re also in charge of paying your own taxes. Although the Canada Revenue Agency (CRA) clearly defines what it means ..read more
FBC Blog
3M ago
In an attempt to save money, small business owners often ask, “Can I do my own corporate taxes?” Our answer is: “Yes, of course you can!” However, it’s important to know what you are getting yourself into because DIY business tax filing can end up costing far more than hiring a ..read more